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Another win for China's Belt and Road, Greek port authority signs cooperation agreements with China

beijingwalker

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Another win for China's Belt and Road, Greek port authority signs cooperation agreements with China
9 hours ago
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From left to right: MD and CEO of ThPA S.A., Franco Nicola Cupolo; executive chairman of BoD, ThPA S.A., Thanos Liagkos; and general manager of container terminal, ThPA S.A., Antonino Spezzano. Photo: Thessaloniki Port Authority

The managing director and chief executive officer of Thessaloniki Port Authority S.A.(ThPA), Franco Nicola Cupolo, signed an 'Agreement of Mutual Cooperation' with the managing director of CMPort, Dr Bai Jingtao. Mr Cupolo also signed a cooperation agreement regarding a CTOS (Container Terminal Operating System) in the container terminal of the Port of Thessaloniki with the general manager of CMHIT, Wang Pei.

ThPA and CMPort have agreed to proceed on all the commercial and operational aspects needed to promote the Port of Thessaloniki, in the Chinese market, as a Gate Port in Europe. The agreements are expected to strengthen China's Belt and Road initiative.

"Major step forward"

Thanos Liagkos, executive chairman of ThPA, said: "The signing of cooperation agreement with CMPort marks a major step forward for Thessaloniki Port Authority S.A. because this cooperation fully supports us achieving the promise of developing innovative strategies and sustainable operations, with multiple benefits for the Greek economy and the supply chain in southeastern Europe."

Franco Nicola Cupolo, managing director and chief executive officer of ThPA, said: “ThPA S.A. is implementing an extended investment plan and the crucial point of these investments is the expansion of the Container Terminal, allowing to serve main liner container services and accommodate Ultra Large Container Vessels of 24,000 TEUs capacity. We believe, the implementation of CTOS will provide additional value to our investments and support significantly the transformation of Container Terminal to international standards."

Managing director of CMPort, Bai Jingtao, said: “The port of Thessaloniki has a long history, outstanding location and shipping advantages. It is not only the main import and export gateway in northern Greece, but also an important channel and logistics hub linking Europe and Asia. We believe that this successful cooperation is not limited to a system marching overseas in Europe, but also a promotion of the two parties in the port areas of Europe and Asia, which can be recognized another success and practice of the initiative of Belt and Road."

https://www.portstrategy.com/news101/world/asia/another-win-for-chinas-belt-and-road
 
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The immediate problem for Beijing is that global markets are shrinking due to the onset of the Greater Depression. The Belt and Road makes little geo-economic sense at the moment, esp since there are lots of merchant vessels bound to be idle.
 
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The immediate problem for Beijing is that global markets are shrinking due to the onset of the Greater Depression. The Belt and Road makes little geo-economic sense at the moment, esp since there are lots of merchant vessels bound to be idle.

The survivors at the end will reorg & consolidate their biz around the globe. Plan now & reap the rewards later. Think long term.
 
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The immediate problem for Beijing is that global markets are shrinking due to the onset of the Greater Depression. The Belt and Road makes little geo-economic sense at the moment, esp since there are lots of merchant vessels bound to be idle.
Chinese companies like to get as many infrastructure contracts as possible around the world. This alone is pretty much worth the effort.
 
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So, this is first Chinese Port in EU nations?

Thessaloniki is one of the most strategic Port in Eastern Mediterranean Region
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Greece should build its economy up, build its military and cleanse hage sofia back into a church
 
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